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  1. Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , the PIB balance has worsened by 551 million euros. The budget primary balance recorded a deficit

    2%

  2. Industrial turnover drops by 9.3 pct in March
    Image via www.titan.gr

    EconomyMacroeconomy

    . Year-on-year, industry confidence has fallen by 4.7 points. Industry confidence is currently

    2%

  3. Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 1.10 billion euros in March compared to a deficit of 1.14 billion in February, Bank of Greece (BoG) data showed on Thursday. In the same period last year, the deficit was 1.54 billion euros, meaning that the deficit has improved by 431.6

    2%

  4. Exposure to tourism sector a concern for banks despite effort to save season
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    As Greece moves to reopen its tourism season, how the industry will respond and cope in the new global enviroment for travel has implications for Greece’s banking sector. Based on data from Bank of Greece's financial stability report, as of mid-2019 Greek banks had exposures to businesses of 122.5

    2%

  5. Travel balance falls by 53.6 pct in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY). Receipts came to 92.1 million euros for the month, falling by 71 percent YoY. Travel payments also

    2%

  6. BoG governor renews calls for launch of bad bank and ESM use
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs. Speaking before a parliamentary committee, Stournaras said that plans for the bad bank should be progressed immediately, as such solutions

    2%

  7. Govt pushes tourism message, digests EU stimulus proposal
    Photo by MacroPolis

    PoliticsGreek Politics

    and that, as such, it is in a strong position to receive tourists safely over the coming months. Greece has started to make

    2%

  8. Athens welcomes volume, form of Commission's pandemic recovery plan

    Economy

    euros, mainly in the form of grants funded via joint debt issuance,” he said. “The bar has been set

    2%

  9. Alpha Bank posts net loss of 10.9 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    . The bank has booked 120 million in Covid-19 provisions above underlying loan losses with Q1 2020 CoR

    2%

  10. Eurobank net profits at 56.8 mln in Q1
    Image via www.eurobank.gr

    EconomyBanking

    on fee and commission income. The bank has also instated payment moratoria for a number of eligible

    2%